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February 14, 2021
Question

When i try to file, after completing everything its asking me to enter a schedule c for my buisness. i don't have a buisness or a schedule c and only entered w2's

  • February 14, 2021
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1 reply

DaveF1006
February 14, 2021

It depends. Check to see if in Box13 that statutory employee is checked either on your hard copy or in your program. If checked on your hard copy, then this indicates you are an independent contractor who is considered an employee for tax withholding purposes if you meet certain conditions. This typically means you received a W-2 but are otherwise not considered full employees.

 

if you are classified as a statutory employee, you need to report your income on a Schedule C for FICA tax purposes but you can claim expenses against your income to lower your self-employment (FICA) taxes.

 

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